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Project Settings for RiskyProject Lite

The Project Settings are where you enter general project information, project deadlines, and set the project calendars. Project settings can be defined by clicking on Main Project Settings from Schedule tab.

Project Start Time

Project start time is entered or edited in the Main Project Settings dialog box. Project start time is always deterministic. You change project start date and all project schedules will shift.

Project Calendar

Project calendar is used for scheduling tasks if task or resource calendars are not defined. Default project calendar is Standard.

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General Project Information

General project information includes:

  • Project Name
  • Project Manager
  • Project Description
  • Company
  • Group/Division

This information will be shown on the Project Summary View as well as on reports. The Project Manager name will be used as a default value for risk properties: recorder, contact, and owner. Default values for these parameters are defined in Tools >Options > View tab.

To enter Main Project Information:

  1. On the Schedule tab, in the Settings and Options group, click Main Project Settings.
  2. Enter in main project information as required.

Project Deadlines

Project Deadlines are entered or edited in the Main Project Settings dialog box. Deadlines affect the results of the probabilistic calculations, but do not affect the results of deterministic current schedule calculation.

  • Earliest Project Deadline: if any task is started or finished before this date, the task and the complete project will be marked as canceled for the particular iteration. Start and finish time of the project will be adjusted. If the finish time of the task date is before the earliest project deadline, the task will have zero duration and begin on the earliest project deadline.
  • Latest Project Deadline: if any task is started or finished after this date, the task and the complete project will be marked as canceled for the particular iteration. The start and finish time of the project will be adjusted. If the start date of the task is after latest project deadline, the task will have zero duration and begin on the latest project deadline.
  • Maximum project duration:: Actual project start time plus maximum project duration is the maximum project finish time. It affects the project schedule the same way as Latest Project Deadline.

Project Scheduling: maximum project duration

When any task within a project reaches the project deadline, the project will be marked as canceled for the particular iteration. However, task duration, start and finish times can vary between the different iterations due to the risks and uncertainties; therefore, tasks can reach the deadline in one iteration, but do not in another. RiskyProject calculates the project success rate based on the number of iterations where the project is successfully completed.

Example:

  • Maximum Project Duration is 5 years
  • Actual start time is Oct 1,2005
  • Projected Finish time is Oct 1, 2011
  • Project will be cancelled because Oct 1,2005 + 5 years < Oct 1,2010
  • Maximum project duration is working time (not calendar time). For example, one-month maximum project duration is 20 working days. It is done to make maximum project duration consistent to duration of any task.

Earliest Project Deadline and Latest Project Deadline are shown as red vertical lines on the Gantt chart. You cannot scroll Gantt charts beyond these dates.

If the project is outside of Earliest Project Deadline and Latest Project Deadline, the Monte Carlo simulations will not execute.

For example;

  • Actual Project Start Time: Oct 1,2008
  • Projected Finish Time: Oct 1,2014
  • Earliest Project Deadline: Jan 1,2008
  • Latest Project Deadline: Jan 1,2014
  • In this example, due to the results of the probablistic calculations, the project's success rate will be less than 100%.

See also

Creating a new project
Creating a new calendar

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